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Maximum annual sales turnover of S$10 million In the case of the simplified winding up programme, the value of its realisable unencumbered assets not exceeding S$50,000 In addition, the MSC has to be a company incorporated in Singapore and there must be not be any circumstances that make the MSC unsuitable for the SIP. For example, a company would be unsuitable if: Any Court applications or orders have been made to wind up or restructure the company; or The restructuring or winding up of the company is likely to require significant resources or specialised knowledge or expertise. Creditors of an applicant MSC should take note that they can object to its acceptance into the SIP by submitting a notice of objection within the stipulated period.

No courtB simplified winding up programmeSingle courtMinistry of lawA simplified debt restructuring programmeInsolvency programmeHigh courtSimplified insolvency programmeDissolution actNew chapterSimplified debt restructuring programmeSimplified winding up programmeOfficial receiverஇல்லை நீதிமன்றம்ஒற்றை நீதிமன்றம்அமைச்சகம் ஆஃப் சட்டம்